Raymond James, D.A. Davidson assist; deal funds corporate purposes
By Devika Patel
Knoxville, Tenn., Dec. 6 - Pacific Premier Bancorp, Inc. said it priced a $33 million public offering of stock with a $4.95 million greenshoe. The offering was announced on Wednesday.
The company will sell 3.3 million common shares at $10.00 per share. The price per share reflects a 2.06% discount to the Dec. 5 closing share price of $10.21.
Raymond James & Associates, Inc. and D.A. Davidson & Co. are assisting.
Settlement is expected on Dec. 11.
Proceeds will be used for general corporate purposes, to support growth and to augment the capitalization of Pacific Premier Bank.
The bank holding company is based in Irvine, Calif.
| Issuer: | Pacific Premier Bancorp, Inc.
|
| Issue: | Common stock
|
| Amount: | $33 million
|
| Greenshoe: | $4.95 million
|
| Shares: | 3.3 million
|
| Price: | $10.00
|
| Warrants: | No
|
| Bookrunners: | Raymond James & Associates, Inc. and D.A. Davidson & Co.
|
| Announcement date: | Dec. 5
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 11
|
| Stock symbol: | Nasdaq: PPBI
|
| Stock price: | $10.21 at close Dec. 5
|
| Market capitalization: | $103.49 million
|
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